© 2010 Pearson Addison-Wesley Two further facts play a key role in the new growth theory: Discoveries are a public capital good. Knowledge is not subj
{"Image DocumentName": "Growth Theories and Policies", "Image ImageDescription": "Two further facts play a key role in the new growth theory: Discoveries are a public capital good. Knowledge is not subject to diminishing returns. Knowledge Capital Is Not Subject to Diminishing Returns. Increasing the stock of knowledge makes capital and labor more productive. Knowledge capital does not experience diminishing returns is the central proposition of new growth theory.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}